NEWS: EURUSD prices are falling 0.3%. The EURUSD and all other USD pairs are falling as the US dollar index rises to hit 2023 highs.
Possible Scenarios:
If EURUSD fails to breach through S2 of 1.05958, our Research Department expects the EURUSD to undergo a short- term upward correction.
If EURUSD manages to break below its S2 of 1.05958, our Research Department expects the EURUSD to extend its losses to its S3 of 1.05784
Support and Resistance Levels:
EURUSD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
1.05784 |
1.05958 |
1.06132 |
1.06363 |
1.06594 |
1.06768 |
1.06942 |
Potential Profit or Potential Loss Calculations:
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
(+/-) $100 |
(+/-) €94.35 |
(+/-) £81.92 |
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.05991
***GBP/USD = 1.22066
Calculations for exchange rate used as of Monday, September 25, 2023, GMT+1 14:50h